XM Reaches 692,000 Subscribers

XM Satellite Radio is close to having 700,000 subscribers. The satcaster said it added more than 209,000 in the second quarter for a total of 692,253. In April, the company had 483,075 subscribers after adding more than 135,000 subscribers in Q1.
“XM’s subscriber base continues to grow rapidly,” said President/CEO Hugh Panero. He said the popularity of the Delphi XM SKYFi Radio and the XM PCR combined with “the strong rollout” in new General Motors vehicles provide a “great foundation” for growth.
XM executives say the company is on pace to have more than 1 million subscribers later this year.
Sirius crossed the 100,000 subscriber mark in late June.